Government adopts 2017 draft budget and debt strategy

The government has adopted draft budget legislation for 2017, as well as a strategy for managing the public finance sector debt in the years 2017-2020.

The draft stipulates that the nominal growth of the average income in the national economy will reach 5 percent. Ministers have accepted a draft budget and sent it to the Sejm, prime minister Beata Szydło announced.

The document initially approved by the government at the end of August assumes that next year’s state revenues will amount to PLN 324.1 billion and expenditures PLN 383.4 billion, with the deficit not larger than PLN 59.3 billion. The government foresees 3.6 percent GDP growth next year, a public finance sector deficit of 2.9 percent of GDP, and 1.3 percent inflation.

Pin It